An uptrend refers to a sustained upward movement in the price of a financial asset, characterized by a series of increasing high points and low points. This means that each successive high and low point is higher than the previous one, indicating a positive momentum in the market.
As a result, investors and traders may interpret an uptrend as a sign of increasing buying interest, and may look to capitalize on the trend by purchasing the asset. It is important to note, however, that uptrends can be subject to periods of correction or consolidation, which may present risks and challenges for market participants.